Insider files Form 144 to sell common stock

Filer reported proposed and recent insider share transactions.

Rhea-AI Filing Summary

Filer reported proposed and recent insider share transactions. The filing lists a proposed sale tied to restricted stock vesting of 1,679 common shares on 02/27/2026, and reports three reported dispositions in the past three months: 8,114 shares on 01/27/2026, 2,275 shares on 02/18/2026, and 1,197 shares on 02/23/2026.

Insights

Corporate Governance / Insider Transactions

Routine insider sale filings and a vesting-related proposed sale are disclosed.

The excerpt documents a proposed sale of 1,679 common shares tied to restricted stock vesting on 02/27/2026. It also lists three prior dispositions totaling 11,586 shares on 01/27/2026, 02/18/2026, and 02/23/2026.

These entries reflect reported transactions and a compensation-related vesting event; timing and execution mechanics for any resale beyond the vesting date are not detailed in the excerpt. Subsequent filings would show actual sale methods and proceeds.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 for EXLS disclose about proposed sales?

The filing shows a proposed sale of 1,679 common shares tied to restricted stock vesting on 02/27/2026. The entry is labeled as a compensation-related vesting event and identifies the securities as common stock; further sale mechanics are not listed in the excerpt.

How many shares were reported disposed of by the insider in the past three months?

The excerpt reports three dispositions totaling 11,586 shares. Specifically, 8,114 shares on 01/27/2026, 2,275 shares on 02/18/2026, and 1,197 shares on 02/23/2026, with respective gross amounts shown alongside each date.

Who appears as the reporting person in the Form 144 excerpt for EXLS?

The filing lists Ajay Ayyappan as the reporting person for the disclosed dispositions. The excerpt gives a street address and shows three sale dates with share counts and gross amounts attributed to that individual in the past three months.

Are proceeds from the reported dispositions disclosed in the excerpt?

Yes, gross proceeds are shown for each reported disposition. The excerpt pairs share counts with dollar amounts: $345,088.42 for 8,114 shares (01/27/2026), $68,978.00 for 2,275 shares (02/18/2026), and $35,658.63 for 1,197 shares (02/23/2026).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/02/2026 - 03:44 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001762098
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ExlService Holdings, Inc.
SEC File Number	001-33089
Address of Issuer	320 PARK AVENUE 29TH FLOOR NEW YORK NEW YORK 10022
Phone	(212) 277-7100
Name of Person for Whose Account the Securities are To Be Sold	AYYAPPAN AJAY
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1679	51024.81	156383708	03/02/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/27/2026	Restricted Stock Vesting	Issuer			1679	02/27/2026	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Ajay Ayyappan 320 Park Avenue 29th Floor New York NY 10022	Common	01/27/2026	8114	345088.42
Ajay Ayyappan 320 Park Avenue 29th Floor New York NY 10022	Common	02/18/2026	2275	68978.00
Ajay Ayyappan 320 Park Avenue 29th Floor New York NY 10022	Common	02/23/2026	1197	35658.63

144: Remarks and Signature

Remarks
Date of Notice	03/02/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/11/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Ajay Ayyappan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)